It seems beyond doubt that the tariff policy pursued during the last half century has not raised the standard of living of the labouring classes. It is doubtful if agricultural duties increase the relative scarcity of manual labour compared with other factors, and they certainly raise the cost of living for the working classes. It is, however, true that manufacturing duties tend to depress the rent of farm land... It is on the whole not at all unlikely that the sum total of rent is reduced in countries with high manufacturing duties... In most countries, however, the sum of rents is small compared with the sum of wages to manual workers. Even a substantial reduction of the former brings only a slight increase in the latter.
Bertil OhlinRelated topics
agricultural beyond century cost doubt doubtful farm former half high increase land last latter living manual manufacturing policy pursued raise reduction relative rent scarcity slight small standard substantial sum tariff total unlikely wages working labour labouring rentsRelated quotes
Mankind's problems can no longer be solved by national governments. What is needed is a World Government. This can best be achieved by strengthening the United Nations system. In some cases, this would mean changing the role of UN agencies from advice-giving to implementation. But some of the most important new institutions would be financial-a World Treasury and a World Central Bank. Just as each nation has a system of income redistribution, so there should be a corresponding ‘World Financial Policy' to be implemented by the World Bank and the World Central Bank. Some of these proposals are, no doubt, far-fetched and beyond the horizon of today's political possibilities. But the idealist of today often turns out to be the realists of tomorrow.
Jan Tinbergen
How could such industries as software, semiconductors, and computers have been so innovative despite historically weak patent protection? We argue that if innovation is both sequential and complementary-as it certainly has been in those industries-competition can increase firms' future profits thus offsetting short-term dissipation of rents. A simple model also shows that in such a dynamic industry, patent protection may reduce overall innovation and social welfare. The natural experiment that occurred when patent protection was extended to software in the 1980's provides a test of this model. Standard arguments would predict that R&D intensity and productivity should have increased among patenting firms.
Eric Maskin
I think the SDP really is a very right-wing party. In a funny way it's more right-wing than Mrs. Thatcher because Mrs. Thatcher is an old-fashioned liberal, if you know what I mean, she believes in market forces and small government. But my knowledge and experience of the SDP is that they believe in a centralised system, they believe in a federal Europe in which we would only be a province under Brussels, they believe in retaining the American bases, they want a statutory pay policy so they would govern the wages of everybody without proper negotiation. I think they're a very hard right party and I think the Labour Party which has now got a decent policy as a result of all the work we've done is going to pick up a lot of support this year.
Tony Benn
There are two tactical approaches for candidates seeking their party's nomination in election campaigns. One is to strongly debate the issues and firmly advocate your positions, but to avoid personal attacks on your opponents or needless divisiveness. The other is to vigorously attack your fellow candidates, disparaging them personally and seeking to raise yourself up by dragging them down. Ronald Reagan was famous for epitomizing the former path. Donald Trump, unfortunately, has chosen to follow the latter course... At a time when the nation is suffering under one of the most divisive and incompetent presidents in history, our people need positive, unifying leadership, not negative, destructive political rhetoric.
Edwin Meese
We are carrying into the next decade many unresolved problems raised by Vietnam. How can a democracy such as ours defend its interests at acceptable cost and continue to enjoy the freedom of speech and behavior to which we are accustomed in time of peace? To a Communist enemy the Cold War is a total, unending conflict with the United States and its allies- without formal military hostilities, to be sure- but conducted with the same discipline and determination as a formal war. Unless we can learn to exercise some degree of self-discipline, to accept and enforce some reasonable standard of responsible civic conduct, and to remove the many self-created obstacles to the use of our power, we will be unable to meet the hard competition waiting for us in the decade of the 1970s.
Maxwell D. Taylor
